Using the general equilibrium growth model to study great depressions : a rejoinder to Kehoe and Prescott
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Using the general equilibrium growth model to study great depressions : a rejoinder to Kehoe and Prescott
- Publication date
- 2009
- Publisher
- Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics
- Collection
- mitlibraries; blc; americana
- Contributor
- MIT Libraries
- Language
- English
"February 27, 2009."
Includes bibliographical references (leaf 7)
The reply by Kehoe and Prescott restates their position but does not answer the criticism made in my review of their book (Temin 2008). I argued that the general equilibrium model of economic growth to study income fluctuations does not lead to a useful research program; the use of closed-economy models to understand the world problems of the 1930s and the Latin-American problems of the 1980s is not helpful; and the authors using Kehoe and Prescott's recommended approach do not use data with the care standard in other branches of economics. I stand by those criticisms. Keywords: Depressions, economic fluctuations, general equilibrium models. JEL Classifications: E32, N10
Includes bibliographical references (leaf 7)
The reply by Kehoe and Prescott restates their position but does not answer the criticism made in my review of their book (Temin 2008). I argued that the general equilibrium model of economic growth to study income fluctuations does not lead to a useful research program; the use of closed-economy models to understand the world problems of the 1930s and the Latin-American problems of the 1980s is not helpful; and the authors using Kehoe and Prescott's recommended approach do not use data with the care standard in other branches of economics. I stand by those criticisms. Keywords: Depressions, economic fluctuations, general equilibrium models. JEL Classifications: E32, N10
- Addeddate
- 2011-05-02 18:58:04
- Associated-names
- Massachusetts Institute of Technology. Dept. of Economics
- Bookplateleaf
- 0008
- Call number
- 671914479
- Camera
- Canon 5D
- External-identifier
- urn:oclc:record:1102205800
- Foldoutcount
- 0
- Identifier
- usinggeneralequi00temi
- Identifier-ark
- ark:/13960/t9g45k68g
- Ocr_converted
- abbyy-to-hocr 1.1.37
- Ocr_module_version
- 0.0.21
- Openlibrary_edition
- OL24647125M
- Openlibrary_work
- OL15732292W
- Page-progression
- lr
- Page_number_confidence
- 0
- Page_number_module_version
- 1.0.3
- Pages
- 20
- Ppi
- 300
- Scandate
- 20110513175207
- Scanner
- scribe4.boston.archive.org
- Scanningcenter
- boston
- Worldcat (source edition)
- 671914479
- Full catalog record
- MARCXML
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